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I would love a $49 iPhone 4, because that means the iPhone 5 could start at $149.
 
Even at 99$ for 2 years, there's not much that's impressive about iPhone 4 these days, it has been very much eclipsed.

The iPhone 4 may be eclipsed on paper... but it's still a hell of a phone.

Don't forget... people are still buying the 3GS today. Raw hardware specs aren't important to a lot of people.

A quick glance at AT&T... I find the Inspire, Atrix and HP Veer each for $99. Verizon has the XPeria Play and Casio Commando. Other carriers carry similar phones at that price.

But a $99 iPhone 4 would absolutely crush the "under $100" market.
 

If they drop the price on the entry-level model, there is a chance the other models will drop as well. If all these rumors of a "cheaper" iPhone come to pass, there may indeed be a $49 or even free with contract iPhone.
 
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